April 26, 2023
Weakness in the off-price retail channel here was more than offset by gains in EMEA and a return to growth in Greater China, sending The Big Cat’s first quarter revenues up 14% to €2,187.7 million ($2,347.3 mm) from €1,912.2 million, but the bottom line slipped 3% to €117.3 million ($125.9 mm) from €121.4 million.
HELE’s Home & Outdoor segment, home to Hydro Flask and Osprey, ticked up 1% to $211,926,000 from $210,847,000 in the fiscal fourth quarter ended Feb. 28, helped by Osprey contributing $10.8 million over the pre-acquisition prior year.
The women’s outdoor apparel brand that features a patented zipper technology is changing its name to Gnara, citing the more inclusive branding as it branches into unisex and men’s apparel and licensing its technology.
Columbia Sportswear is suing two former executives, who both resigned from the company last Oct. and went to work for Huk Gear, a fishing apparel brand owned by Marolina Outdoor, Inc.